Broad losses for ASX as banks\, industrials and telcos weigh

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Broad losses for ASX as banks, industrials and telcos weigh

Summary

  • JB Hi-Fi's FY profit is up 21% to $302.3m and the firm has raised its final dividend by a third
  • Japan reports worst GDP result for 40 years with 27.8% annual decline. Nikkei falls 0.7%
  • BlueScope Steel FY profit fell 91% to $96.5m due to a $197m non-cash write-down of its NZ division and declining steel profitability 
  • Bendigo and Adelaide Bank cash earnings declined 27.4% to $301.7. The board has deferred paying a dividend

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